The Big Lie



Read this Congress

According to an analysts cited by the New York Post September 19 the true U.S. national debt is much higher than the official sum of $13.4 trillion given by the Congressional Budget Office.

The Government is lying with ENRON type accounting as we see an explosion in federal spending.



In 1980, the debt was $909 billion representing 33% of GDP. Today, the $13.4 trillion stated by the CBO is 92 per cent of GDP. In another two years the debt will be 101% of GDP.



The reason we are being tricked is because CBO is not counting off-budget obligations such as required spending for Social Security and Medicare. Without  payment cuts or higher payroll taxes - the system is racing toward bankruptcy. On projections, you will get 76 cents on the dollar in benefits by 2037.

David Walker, the US Comptroller General from 1998 to 2008 says the true debt figure is at least 5 times greater than what is being reported. and is a greater threat than terrorism.

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